President Barack Obama is scheduled to attend a meeting at Nike Inc.’s Oregon headquarters to promote the Trans-Pacific Partnership, a trade pact with 11 Pacific Rim countries. The meeting is reported to take place Friday, May 8.
Nike one of the most important importers of footwear for the U.S., will have a crucial voice in the future of the trade legislation and negotiations. Notably, this isn’t the first time Nike could be making a big play with the Obama administration. The company supported first lady Michelle Obama’s “Let’s Move” campaign and donated $50 million to support health and fitness programs in schools back in 2013.
FN reported in April that Congress moved swiftly on the trade promotion authority, a step considered crucial to passing the Pacific trade bill. Called the “fast-track” it allows trade legislation to be presented for a vote without an option for amendment. The Senate and House of Representatives passed the legislation out of committee. On April 13, the Senate Finance Committee passed the bill 20-6. On April 14, the House Ways and Means Committee approved the legislation 25-13. It is expected to be approved before the Memorial Day recess.
Sen. Ron Wyden, on of the key negotiators for the fast track legislation, is from Oregon.